Econ 362 Jan 25th - Core Beliefs of Western Modernity...

Econ 362, January 25, 2011 Traditional view of Africa: High mortality rate- disease GDP: increased due to oil being found of the coast (natural resources) Trickle down mechanism: wealth should flow downwards to the lowest rung of the pop. New economic view: Eliminate poverty, inequality and unemployment Three core values of development: Sustenance, Self-Esteem and Freedom of Servitude

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Unformatted text preview: Core Beliefs of Western Modernity: Pursuit of a secular, scientific understanding Individual is the most important element of society Democracy Poverty is not necessarily a trap. Why is Africa so poor: Geographical location History (slave trade – government) AIDS Conflict Traps...
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